Most Asia stocks down after gains, China growth beats forecasts

13 Sept 11:50 Key points summarised by AI

Most Asian stocks declined, taking a breather after a recent rally, while Hong Kong and Shanghai bucked the trend with gains following better-than-expected economic growth data from China.
China's economy expanded a forecast-beating 2.3 percent in 2020, providing a lift to its stock markets despite being the weakest growth in four decades.
Joe Biden's $1.9 trillion stimulus proposal failed to fuel fresh market gains, as the spending spree was largely factored into prices and analysts anticipate it could be watered down.
Concerns over a spike in new virus cases and renewed lockdowns tempered investor buying sentiment, though the general consensus for the long-term market outlook remains upbeat.

New home loan scheme aims to boost property sector with Bt125 billion

20 Oct 11:38 Key points summarised by AI

The Cabinet approved a new Bt50-billion 'A House for Each PLUS' home loan scheme from the Government Housing Bank, offering up to Bt3 million with 40-year repayment terms for low- and middle-income earners.
This initiative aims to significantly boost the property sector and national economy, projecting to generate Bt125 billion in economic activity and create jobs.